SPAC Services

B. Riley Securities is an established, top small-cap special purpose acquisition company ("SPAC") practice. Our dedicated SPAC team has a strong track record, having completed numerous SPAC IPOs, SPAC business combinations and PIPE (Private Investment in Public Equity) deals. Our team plays a critical role in the evaluation and analysis of these investments, always putting our clients' interests first throughout the process. Despite the unprecedented SPAC volume in the last year, we remain steadfast in our selective approach to long-term, quality partnerships, from initial target identification all the way through to successful business combinations. Through this selective approach, all of our underwritten SPACs have successfully completed an initial business combination.

B. Riley Securities' diversified and dynamic platform well equips us to successfully advise, structure, and execute initial business combinations across a diverse array of industries. Each of our clients have access to our full-service investment banking practice's deep expertise and advisory capabilities within a variety of industry verticals, as well as our 70+ sales and trading professional's 1,000+ network of covered investor relationships that are leveraged to help support our client's deals. Our transaction experience and access to SPAC targets through our extensive network enable us to provide a unique investment vehicle for private companies seeking to raise capital. Through its decades of expertise in helping small and mid-cap companies successfully navigate through public markets, B. Riley Securities is uniquely positioned to help private businesses realize the benefits of having a publicly traded currency.

2021 Highlights

• The M&A Atlas Awards 2021 SPAC Investment Bank of the Year
• 26 closed SPAC transactions
• 6 closed business combinations serving as advisor, totaling $5.1 billion in transaction value
• 5 PIPE transactions raising a total of $637.7 million of PIPE capital
• 15 SPAC IPOs raising $2.4 billion⁽¹⁾
• Of which 11 we served as sole or lead bookrunner raising $2.2 billion







(1) Weighted on $ raised attributed to respective bank economics on transaction.

(1) Weighted on $ raised attributed to respective bank economics on transaction.

Information presented for illustration purposes only and does not represent a recommendation, solicitation or offer to buy or sell any security. Past performance is not indicative of future performance.

Jonathan Mitchell is Senior Managing Director in B. Riley Securities' Investment Banking Group, where he leads the firm's SPAC practice. In 2015, Mr. Mitchell's former firm, MK Capital Advisors, merged with B. Riley & Co., LLC, later becoming B. Riley Capital Management, LLC. During his tenure at B. Riley & Co., Mr. Mitchell completed numerous SPAC IPO's and SPAC business combinations, in addition to advising on M&A and capital raising mandates. Mr. Mitchell also co-created the B. Riley SPAC Opportunity Fund, which is a dedicated SPAC investment fund that deploys capital in both SPAC IPOs and SPAC business combinations

During his time at MK Capital Advisors, Mr. Mitchell was an SEC Registered Investment Advisor who provided wealth management services to high net worth individuals and small institutions. Additionally, Mr. Mitchell served as an advisor to the MKCA Opportunity Fund, which is a fund-of-funds

Prior to MK Capital Advisors, Mr. Mitchell was the Equities Manager at Cullen Investments. Mr. Mitchell helped Cullen invest primarily in U.S. listed SPACs, during which Cullen Investments was one of the most active SPAC investors, having invested in more than 100 SPACs, with Mr. Mitchell playing a critical role in the evaluations, analysis and selection of these investments. Prior to his time at Cullen Investments, Mr. Mitchell served as the Founder and Chief Executive Officer of Pacific Capital Partners, a global investment company and private investment vehicle

Mr. Mitchell began his career at JP Morgan. Mr. Mitchell previously served on the Advisory Board for Lepe Partners LLP and GSV Capital In addition, Mr. Mitchell served on the Board of Directors for a Nasdaq-listed SPAC, which was sponsored by former Barclays and Citigroup executives

Mr. Mitchell holds a B.A. from the Bristol Business School